Federal Home Loan Bank Membership

6 Months Ended

Jun. 30, 2020

Federal Home Loan Bank Membership [Abstract]

Federal Home Loan Bank Membership

11. FEDERAL HOME LOAN BANK MEMBERSHIP

Effective August 15, 2019, Everest Re became a member of the Federal Home Loan Bank (“FHLB”) organization, which allows Everest Re to borrow up to 10% of its statutory admitted assets. As of June 30, 2020, Everest Re had admitted assets of approximately $13,435,683 thousand which provides borrowing capacity of up to approximately $1,343,568 thousand. Through June 30, 2020, Everest Re had no borrowings through the FHLB.